Macroeconomics 1 - 2017

Unit summary


  • Level of Study: Undergraduate Level 1
  • Study load: 0.125 EFTSL
  • Delivery method: Web Dependent
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2016: SP2 , SP3
  • Availability for 2017: SP2 , SP3
  • Assessment: Assignment 2 - 1500 words (25%) , Invigilated Exam - 3 hours (50%) - Learn more

Unit provided by

2017 Fees
Domestic 1,324.00
HECS 1,324.00
International 1,575.00

The aim of this unit is to familiarise students with fundamental macroeconomic principles and the Australian economy in an international economic setting.

This unit is an introduction to macroeconomics and includes topics such as: the economy over time, fundamental relationships in the macroeconomy; the introduction of simple macroeconomic models; the simple aggregate demand/aggregate supply model of the macroeconomy; money; the open economy; economic policy; contemporary economic issues.

At the completion of this unit students will be able to:

  1. Describe, explain and apply basic macroeconomic terms and concepts
  2. Use simple macroeconomic models to interpret the Australian economy
  3. Explain the macroeconomic environment in Australia
  4. Use simple macroeconomic models to analyse the impact of changes in the economy
  5. Evaluate current macroeconomic events, policy issues and debates from an economic perspective.
  • Assignment 2 — 1500 words (25%)
  • Invigilated Exam — 3 hours (50%)
  • Quizzes — Continuous Assessment (25%)
For more information on invigilated exams see Exams and results

There are no pre-requisites for this unit. However, if you have not previously studied economics, you may wish to consider undertaking ECO11 'Principles of Economics' before enrolling in ECO12.

  • Additional materials — Students will require Windows Vista, Windows 7 or higher. UniSA does not support Windows XP.
  • Other special requirement — To obtain a pass grade overall students will normally need to achieve at least 40% in the final examination

This unit addresses the following topics.

1GDP: It's Measurement
2Unemployment and Inflation
3Business Cycles and Long-Run Economic Growth
4Aggregate Expenditure and Output in the Short-Run
5Aggregate Demand - Aggregate Supply (AD-AS( Model
6Money and the Reserve Bank
7Monetary Policy
8Fiscal Policy
9Macroeconomics in an Open Economy

This unit is delivered using the following methods and materials:

Instructional Methods

  • Chat rooms
  • Discussion Forum/Discussion Board
  • Embedded Multimedia
  • Glossary
  • Online Quizzes/Tests
  • Online assignment submission
  • Standard Media
  • Virtual Classroom
  • Web links

Online materials

  • Audio/Video - Streaming
  • FAQs
  • Online Assessment
  • Printable format materials
  • Quizzes

This unit is a core requirement in the following courses:

This unit is part of a major, minor, stream or specialisation in the following courses:

This unit is an approved elective in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the The Co-op website and enter the unit details to search for available textbooks.

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